Industry: Chemical & Material
Published Date: 2024-01-24
Pages: 143 Pages
Report ld: 2331530
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Thermoplastic Elastomer Modified Asphalt Market Size(US$)

CAGR 2024-2030
4.5%
Market Size,2030
USD 12,230
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
Thermoplastic Elastomer Modified Asphalt (TEMA) is a type of asphalt binder that is enhanced by incorporating thermoplastic elastomer materials into the asphalt mixture. TEMA is a blend of bitumen (a primary component of asphalt) and thermoplastic elastomers, which are synthetic polymers that exhibit both rubber-like elasticity and plastic-like flow properties.
The addition of thermoplastic elastomers to asphalt binder improves its properties, making it more flexible and resistant to cracking and deformation. This modification enhances the overall performance of the asphalt, especially in challenging environmental conditions and heavy traffic areas.
The global market for Thermoplastic Elastomer Modified Asphalt was estimated to be worth US$ 9025 million in 2023 and is forecast to a readjusted size of US$ 12230 million by 2030 with a CAGR of 4.5% during the forecast period 2024-2030
Key benefits of Thermoplastic Elastomer Modified Asphalt (TEMA) include:
Enhanced Flexibility: TEMA provides increased flexibility to the asphalt, enabling it to better withstand temperature fluctuations and traffic-induced stress.
Crack Resistance: The addition of thermoplastic elastomers improves the resistance of the asphalt to cracking, extending the service life of pavements.
Improved Rutting Resistance: TEMA exhibits better resistance to rutting, which is the permanent deformation of asphalt caused by repeated traffic loads.
Better Adhesion: The modified asphalt binder exhibits improved adhesion to aggregate particles, contributing to better pavement performance.
Reduced Temperature Sensitivity: TEMA shows reduced sensitivity to temperature changes, which can minimize the risk of thermal cracking.
Market for Thermoplastic Elastomer Modified Asphalt (TEMA):
The market for Thermoplastic Elastomer Modified Asphalt (TEMA) has been growing steadily as it offers advantages over conventional asphalt binders in terms of performance and longevity. Some key factors contributing to the market's growth include:
Road Infrastructure Development: Increasing investments in road construction and infrastructure projects drive the demand for high-performance asphalt binders like TEMA.
Maintenance and Rehabilitation: The use of TEMA in maintenance and rehabilitation projects can extend the life of existing pavements and reduce the need for frequent repairs.
Heavy Traffic Areas: TEMA is especially beneficial in areas with heavy traffic loads, such as highways, airport runways, and industrial zones.
Sustainable Infrastructure: TEMA's ability to enhance pavement durability aligns with the focus on sustainable and long-lasting infrastructure solutions.
Regulatory Requirements: Some regions have specific regulations or specifications that encourage or mandate the use of modified asphalt binders like TEMA in certain applications.
As the demand for durable and high-performance road surfaces increases, the market for Thermoplastic Elastomer Modified Asphalt (TEMA) is expected to continue growing. Manufacturers of TEMA are likely to invest in research and development to develop new formulations and expand their applications to meet evolving industry needs.
MARKET SEGMENTATION
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Thermoplastic Elastomer Modified Asphalt, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Thermoplastic Elastomer Modified Asphalt by region & country, by Type, and by Application.
The Thermoplastic Elastomer Modified Asphalt market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Thermoplastic Elastomer Modified Asphalt.
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Thermoplastic Elastomer Modified Asphalt manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Thermoplastic Elastomer Modified Asphalt in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Thermoplastic Elastomer Modified Asphalt in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
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TABLE OF CONTENTS
1 Market Overview
1.1 Thermoplastic Elastomer Modified Asphalt Product Introduction
1.2 Global Thermoplastic Elastomer Modified Asphalt Market Size Forecast
1.2.1 Global Thermoplastic Elastomer Modified Asphalt Sales Value (2019-2030)
1.2.2 Global Thermoplastic Elastomer Modified Asphalt Sales Volume (2019-2030)
1.2.3 Global Thermoplastic Elastomer Modified Asphalt Sales Price (2019-2030)
1.3 Thermoplastic Elastomer Modified Asphalt Market Trends & Drivers
1.3.1 Thermoplastic Elastomer Modified Asphalt Industry Trends
1.3.2 Thermoplastic Elastomer Modified Asphalt Market Drivers & Opportunity
1.3.3 Thermoplastic Elastomer Modified Asphalt Market Challenges
1.3.4 Thermoplastic Elastomer Modified Asphalt Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Thermoplastic Elastomer Modified Asphalt Players Revenue Ranking (2023)
2.2 Global Thermoplastic Elastomer Modified Asphalt Revenue by Company (2019-2024)
2.3 Global Thermoplastic Elastomer Modified Asphalt Players Sales Volume Ranking (2023)
2.4 Global Thermoplastic Elastomer Modified Asphalt Sales Volume by Company Players (2019-2024)
2.5 Global Thermoplastic Elastomer Modified Asphalt Average Price by Company (2019-2024)
2.6 Key Manufacturers Thermoplastic Elastomer Modified Asphalt Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Thermoplastic Elastomer Modified Asphalt Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Thermoplastic Elastomer Modified Asphalt
2.9 Thermoplastic Elastomer Modified Asphalt Market Competitive Analysis
2.9.1 Thermoplastic Elastomer Modified Asphalt Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Thermoplastic Elastomer Modified Asphalt Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Thermoplastic Elastomer Modified Asphalt as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 SBS Modified Asphalt
3.1.2 Plastomer Modified Asphalt
3.1.3 SBR Modified Asphalt
3.1.4 Others
3.2 Global Thermoplastic Elastomer Modified Asphalt Sales Value by Type
3.2.1 Global Thermoplastic Elastomer Modified Asphalt Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Thermoplastic Elastomer Modified Asphalt Sales Value, by Type (2019-2030)
3.2.3 Global Thermoplastic Elastomer Modified Asphalt Sales Value, by Type (%) (2019-2030)
3.3 Global Thermoplastic Elastomer Modified Asphalt Sales Volume by Type
3.3.1 Global Thermoplastic Elastomer Modified Asphalt Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Thermoplastic Elastomer Modified Asphalt Sales Volume, by Type (2019-2030)
3.3.3 Global Thermoplastic Elastomer Modified Asphalt Sales Volume, by Type (%) (2019-2030)
3.4 Global Thermoplastic Elastomer Modified Asphalt Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Road Construction & Paving
4.1.2 Roofing
4.1.3 Others
4.2 Global Thermoplastic Elastomer Modified Asphalt Sales Value by Application
4.2.1 Global Thermoplastic Elastomer Modified Asphalt Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Thermoplastic Elastomer Modified Asphalt Sales Value, by Application (2019-2030)
4.2.3 Global Thermoplastic Elastomer Modified Asphalt Sales Value, by Application (%) (2019-2030)
4.3 Global Thermoplastic Elastomer Modified Asphalt Sales Volume by Application
4.3.1 Global Thermoplastic Elastomer Modified Asphalt Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Thermoplastic Elastomer Modified Asphalt Sales Volume, by Application (2019-2030)
4.3.3 Global Thermoplastic Elastomer Modified Asphalt Sales Volume, by Application (%) (2019-2030)
4.4 Global Thermoplastic Elastomer Modified Asphalt Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Thermoplastic Elastomer Modified Asphalt Sales Value by Region
5.1.1 Global Thermoplastic Elastomer Modified Asphalt Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Thermoplastic Elastomer Modified Asphalt Sales Value by Region (2019-2024)
5.1.3 Global Thermoplastic Elastomer Modified Asphalt Sales Value by Region (2025-2030)
5.1.4 Global Thermoplastic Elastomer Modified Asphalt Sales Value by Region (%), (2019-2030)
5.2 Global Thermoplastic Elastomer Modified Asphalt Sales Volume by Region
5.2.1 Global Thermoplastic Elastomer Modified Asphalt Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Thermoplastic Elastomer Modified Asphalt Sales Volume by Region (2019-2024)
5.2.3 Global Thermoplastic Elastomer Modified Asphalt Sales Volume by Region (2025-2030)
5.2.4 Global Thermoplastic Elastomer Modified Asphalt Sales Volume by Region (%), (2019-2030)
5.3 Global Thermoplastic Elastomer Modified Asphalt Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
5.4.2 North America Thermoplastic Elastomer Modified Asphalt Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
5.5.2 Europe Thermoplastic Elastomer Modified Asphalt Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
5.6.2 Asia Pacific Thermoplastic Elastomer Modified Asphalt Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
5.7.2 South America Thermoplastic Elastomer Modified Asphalt Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
5.8.2 Middle East & Africa Thermoplastic Elastomer Modified Asphalt Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Thermoplastic Elastomer Modified Asphalt Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Thermoplastic Elastomer Modified Asphalt Sales Value
6.2.1 Key Countries/Regions Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
6.2.2 Key Countries/Regions Thermoplastic Elastomer Modified Asphalt Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
6.3.2 United States Thermoplastic Elastomer Modified Asphalt Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Thermoplastic Elastomer Modified Asphalt Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
6.4.2 Europe Thermoplastic Elastomer Modified Asphalt Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Thermoplastic Elastomer Modified Asphalt Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
6.5.2 China Thermoplastic Elastomer Modified Asphalt Sales Value by Type (%), 2023 VS 2030
6.5.3 China Thermoplastic Elastomer Modified Asphalt Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
6.6.2 Japan Thermoplastic Elastomer Modified Asphalt Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Thermoplastic Elastomer Modified Asphalt Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
6.7.2 South Korea Thermoplastic Elastomer Modified Asphalt Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Thermoplastic Elastomer Modified Asphalt Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
6.8.2 Southeast Asia Thermoplastic Elastomer Modified Asphalt Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Thermoplastic Elastomer Modified Asphalt Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Thermoplastic Elastomer Modified Asphalt Sales Value, 2019-2030
6.9.2 India Thermoplastic Elastomer Modified Asphalt Sales Value by Type (%), 2023 VS 2030
6.9.3 India Thermoplastic Elastomer Modified Asphalt Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Total Bitumen
7.1.1 Total Bitumen Company Information
7.1.2 Total Bitumen Introduction and Business Overview
7.1.3 Total Bitumen Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.1.4 Total Bitumen Thermoplastic Elastomer Modified Asphalt Product Offerings
7.1.5 Total Bitumen Recent Development
7.2 Shell
7.2.1 Shell Company Information
7.2.2 Shell Introduction and Business Overview
7.2.3 Shell Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.2.4 Shell Thermoplastic Elastomer Modified Asphalt Product Offerings
7.2.5 Shell Recent Development
7.3 SK energy
7.3.1 SK energy Company Information
7.3.2 SK energy Introduction and Business Overview
7.3.3 SK energy Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.3.4 SK energy Thermoplastic Elastomer Modified Asphalt Product Offerings
7.3.5 SK energy Recent Development
7.4 ExxonMobil
7.4.1 ExxonMobil Company Information
7.4.2 ExxonMobil Introduction and Business Overview
7.4.3 ExxonMobil Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.4.4 ExxonMobil Thermoplastic Elastomer Modified Asphalt Product Offerings
7.4.5 ExxonMobil Recent Development
7.5 TIPCO ASPHALT
7.5.1 TIPCO ASPHALT Company Information
7.5.2 TIPCO ASPHALT Introduction and Business Overview
7.5.3 TIPCO ASPHALT Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.5.4 TIPCO ASPHALT Thermoplastic Elastomer Modified Asphalt Product Offerings
7.5.5 TIPCO ASPHALT Recent Development
7.6 Colas
7.6.1 Colas Company Information
7.6.2 Colas Introduction and Business Overview
7.6.3 Colas Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.6.4 Colas Thermoplastic Elastomer Modified Asphalt Product Offerings
7.6.5 Colas Recent Development
7.7 Nynas
7.7.1 Nynas Company Information
7.7.2 Nynas Introduction and Business Overview
7.7.3 Nynas Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.7.4 Nynas Thermoplastic Elastomer Modified Asphalt Product Offerings
7.7.5 Nynas Recent Development
7.8 Gazprom Neft PJSC
7.8.1 Gazprom Neft PJSC Company Information
7.8.2 Gazprom Neft PJSC Introduction and Business Overview
7.8.3 Gazprom Neft PJSC Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.8.4 Gazprom Neft PJSC Thermoplastic Elastomer Modified Asphalt Product Offerings
7.8.5 Gazprom Neft PJSC Recent Development
7.9 Breedon
7.9.1 Breedon Company Information
7.9.2 Breedon Introduction and Business Overview
7.9.3 Breedon Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.9.4 Breedon Thermoplastic Elastomer Modified Asphalt Product Offerings
7.9.5 Breedon Recent Development
7.10 Baolirus
7.10.1 Baolirus Company Information
7.10.2 Baolirus Introduction and Business Overview
7.10.3 Baolirus Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.10.4 Baolirus Thermoplastic Elastomer Modified Asphalt Product Offerings
7.10.5 Baolirus Recent Development
7.11 Husky Energy
7.11.1 Husky Energy Company Information
7.11.2 Husky Energy Introduction and Business Overview
7.11.3 Husky Energy Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.11.4 Husky Energy Thermoplastic Elastomer Modified Asphalt Product Offerings
7.11.5 Husky Energy Recent Development
7.12 Associated Asphalt
7.12.1 Associated Asphalt Company Information
7.12.2 Associated Asphalt Introduction and Business Overview
7.12.3 Associated Asphalt Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.12.4 Associated Asphalt Thermoplastic Elastomer Modified Asphalt Product Offerings
7.12.5 Associated Asphalt Recent Development
7.13 Wright Asphalt Products
7.13.1 Wright Asphalt Products Company Information
7.13.2 Wright Asphalt Products Introduction and Business Overview
7.13.3 Wright Asphalt Products Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.13.4 Wright Asphalt Products Thermoplastic Elastomer Modified Asphalt Product Offerings
7.13.5 Wright Asphalt Products Recent Development
7.14 Guochuang Hi-tech
7.14.1 Guochuang Hi-tech Company Information
7.14.2 Guochuang Hi-tech Introduction and Business Overview
7.14.3 Guochuang Hi-tech Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.14.4 Guochuang Hi-tech Thermoplastic Elastomer Modified Asphalt Product Offerings
7.14.5 Guochuang Hi-tech Recent Development
7.15 Nichireki
7.15.1 Nichireki Company Information
7.15.2 Nichireki Introduction and Business Overview
7.15.3 Nichireki Thermoplastic Elastomer Modified Asphalt Sales, Revenue and Gross Margin (2019-2024)
7.15.4 Nichireki Thermoplastic Elastomer Modified Asphalt Product Offerings
7.15.5 Nichireki Recent Development
8 Industry Chain Analysis
8.1 Thermoplastic Elastomer Modified Asphalt Industrial Chain
8.2 Thermoplastic Elastomer Modified Asphalt Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Thermoplastic Elastomer Modified Asphalt Sales Model
8.5.2 Sales Channel
8.5.3 Thermoplastic Elastomer Modified Asphalt Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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